August 4, 2010 / 5:43 PM / 7 years ago

UPDATE 1-Calian Technologies Q3 profit down; ups FY EPS outlook

* Q3 EPS C$0.49 vs C$0.58 last year

* Q3 rev almost flat at C$57.6 mln

* Raises quarterly dividend by 10 pct

Aug 4 (Reuters) - Technology services provider Calian Technologies Ltd CTY.TO posted a 14 percent fall in quarterly profit, hurt by a decrease in gross margins, but raised its full-year earnings outlook.

The company also said it increased its quarterly dividend by 10 percent to 22 Canadian cents.

For the third quarter ended June 30, Calian posted net income of C$3.8 million, or 49 Canadian cents a share, compared with C$4.5 million, or 58 Canadian cents, a year ago.

Revenue for the quarter was almost flat at C$57.6 million.

Gross margins were 20.2 percent, down from 22.2 percent, in the corresponding quarter last year.

For the year, the company said it now expects net earnings in the range of C$1.65 a share to C$1.85 a share, on revenue of C$210 million to C$225 million.

Previously, the company had said it expected earnings per share of C$1.50 to C$1.80, on revenue of C$205 million to C$225 million.

Shares of the Ottawa, Ontario-based company were trading up 10 Canadian cents at C$18.10 Wednesday afternoon on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Maju Samuel)

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